Taco Bell - Gest Street
1003 Gest St Cincinnati , OH 45203-1111

Taco Bell - Gest Street - retail for sale

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Overview


Taco Bell location for sale, a fee-simple interest property located in Cincinnati, home to over 2 million people. Taco Bell is an industry leader in the QSR sector, with over 7,072 restaurants throughout the world. AgBell is the operator and operates 37 other Taco Bell locations throughout the Cincinnati area. Investors have the rare opportunity to acquire a property in one of Ohio's most active retail markets with a reliable tenant that is backed by a parent that manages a portfolio of real estate valued at over one billion dollars. Cincinnati is home to more Fortune 500 companies per capita than New York, Los Angeles and Chicago. Property is in a growing and developing neighborhood, with significant retail developments.

Investment highlights


  • Fee simple interest
  • Long-term lease with 10% rental increases every 5 years
  • Five 5-year renewal option periods
  • Zero landlord responsibilities
  • Taco Bell has outperformed the QSR industry in revenue growth nearly every year from 2013 to 2018
  • Backed by AGBell, the parent company of Taco Bell that manages a portfolio of real estate valued at over $1 billion


General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 1003 Gest St, Cincinnati, OH 45203-1111
Building size 2,392  ft2
Year built 2017
Year renovated 2019
Financial
Price $2,070,000
Cap rate 5.10%
Current NOI $105,570.00
Lease
Tenant's name AgBell
Lease type NNN
Annual rent $105,570.00
Lease expiration date 12/28/2038
Remaining term 19.1Yrs

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